Output Decline in Eastern Europe

Unavoidable, External Influence or Homemade?

  • Robert Holzmann
  • János Gács
  • Georg Winckler

Part of the International Studies in Economics and Econometrics book series (ISEE, volume 34)

Table of contents

  1. Front Matter
    Pages i-xvi
  2. Introduction and Overview

    1. Front Matter
      Pages 1-1
    2. Robert Holzmann, János Gács, Georg Winckler
      Pages 1-12
  3. Measurement of Output Decline

  4. Causes of Output Decline

  5. Policy Issues of Output Decline

    1. Front Matter
      Pages 307-307
    2. Alberto F. Ades, Miguel A. Kiguel, Nissan Liviatan
      Pages 351-371
  6. Back Matter
    Pages 381-383

About this book


The first phase of transition to a market economy in Central and Eastern Europe was characterized by a sharp output decline. The fall in real GDP exceeded 20% while real industrial production decreased even by 40%. Output Decline in Eastern Europe aims at providing comprehensive, multi-factor explanations for this unique, painful experience. Various hypotheses are analyzed: credit and fiscal policies may have been too tight; the collapse of the CMEA and the USSR came as a shock; domestic producers were neither experienced, nor flexible enough to adjust the output to new patterns of demand. Output Decline in Eastern Europe contains a unique combination of authors from East and West who extensively analyze new data based on country studies.
Understanding the causes of recent output decline, the subject matter of this volume may help to assess the prospects for Eastern Europe.
The book is addressed to researchers and students as well as interested officials who deal with the transition of formerly centrally planned economies in Central and Eastern Europe.


Eastern Europe Europe European Community Nation Privatization linear optimization

Editors and affiliations

  • Robert Holzmann
    • 1
  • János Gács
    • 2
  • Georg Winckler
    • 3
  1. 1.University of SaarlandGermany
  2. 2.International Institute for Applied Systems AnalysisAustria
  3. 3.University of ViennaAustria

Bibliographic information

  • DOI
  • Copyright Information Kluwer Academic Publishers 1995
  • Publisher Name Springer, Dordrecht
  • eBook Packages Springer Book Archive
  • Print ISBN 978-94-010-4125-6
  • Online ISBN 978-94-011-0283-4
  • Series Print ISSN 0924-5170
  • Buy this book on publisher's site